Roth MKM lowered the firm’s price target on Kura Sushi to $76 from $103 but keeps a Buy rating on the shares. The firm is reducing its FY24 EPS view to 47c from 54c after the company’s Q4 results but also believes that the management’s openings guidance could prove conservative, the analyst tells investors in a research note. The stock isn’t cheap, but carries much long-term upside potential from unit and margin growth, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on KRUS:
- Kura Sushi price target lowered to $55 from $67 at Barclays
- Kura Sushi USA Announces Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results
- Kura Sushi reports Q4 adjusted EPS 25c, consensus 24c
- Kura Sushi USA to Participate at Upcoming Investor Conferences
- Kura Sushi price target lowered to $70 from $94 at Citi